Electronic Systems Technology Announces 3rd Quarter 2012 Financial Information

  Electronic Systems Technology Announces 3rd Quarter 2012 Financial
  Information

Business Wire

KENNEWICK, Wash. -- November 19, 2012

Electronic Systems Technology, Inc. (EST) (OTCQB:ELST), dba ESTeem Wireless
Modems, the manufacturer of the ESTeem product line of wireless modems, today
announced sales and results of operations for the three and nine month periods
ended September 30, 2012.

EST reported sales for the third quarter 2012, of $551,205, compared to sales
of $487,161 for the same quarter in 2011. For the third quarter of 2012, the
Company recorded Net Income of $36,715, or $0.01 per share, compared to a Net
Loss of $(20,801), or $(0.00), for the third quarter of 2011. EST recorded a
Net Loss of $(41,800) or $(0.01) per share on sales of $1,460,944 for the nine
month period ended September 30, 2012, compared with a Net Loss of $(125,646)
or $(0.02) per share on sales of $1,332,765 for the same period in 2011.


Selected Statement of Operations Information
(Unaudited)
                  Three Months Ended                     Nine Months Ended
                        Sept. 30         Sept. 30              Sept. 30         Sept. 30
                          2012                  2011                  2012                  2011
Sales                   $ 551,205             $ 487,161             $ 1,460,944           $ 1,332,765
Net income
(loss)                    58,805                (30,881)              (57,409)              (174,346)
before tax
Net Income                36,715                (20,081)              (41,800)              (125,646)
(loss)
Weighted
average
common                    5,158,667             5,158,667             5,158,667             5,158,667
Shares
outstanding
Basic
Earnings                $ 0.01                $ (0.00)              $ (0.01)              $ (0.02)
(Loss) per
Share
Diluted
Earnings                $ 0.01                $ (0.00)              $ (0.01)              $ (0.02)
(Loss) per
Share
                                                                                          

Selected Balance Sheet Information
(Unaudited)
                                 September 30,    December 31,
                                         2012               2011
Cash and cash equivalents              $  728,446          $  1,227,490
Total current assets                      2,944,858           2,967,327
Property & equipment (net)                45,836              54,358
Total assets                              3,026,674           3,023,360
Total current liabilities                 144,573             100,114
Long-term debt                            -0-                 -0-
Stockholders' equity                      2,875,901           2,915,446
                                                           

Contact Michael Eller at Electronic Systems Technology, Inc. for additional
information.

Contact:

Electronic Systems Technology, Inc.
Michael Eller, 509-735-9092
 
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